Bitcoin held above $80,000 this weekend while three institutional indicators pointed in different directions. The Sept. 15 snapshot from the Commodity Futures Trading Commission showed leveraged funds becoming less net short across four regulated Bitcoin futures products. Their aggregate net-short exposure fell by the equivalent of 7,275 $BTC from the prior week. Asset managers, meanwhile,
Bitcoin has surpassed two of the world’s biggest listed companies by market capitalization after its price climbed last week. According to CompaniesMarketCap, Bitcoin’s market cap is now $1.615 trillion, surpassing Elon Musk-led Tesla with a market value of $1.438 trillion and Samsung with a current market value of $1.237 trillion. Bitcoin is ranked 13th among
In brief Over two years, Bitcoin gained 28% while the median mid-cap altcoin lost 74% and Ethereum landed roughly sideways, per a Glassnode and Bybit report—a stark reversal of the usual “altseason” rotation. Leverage has pooled in the riskiest corners: Bitcoin carries futures open interest worth about 2% of its market cap, versus roughly 24%
Bitcoin (BTC) is approaching a decisive technical level that could determine whether its latest recovery develops into a confirmed bull market or faces another significant correction. Notably, the flagship cryptocurrency rebounded strongly on September 19, climbing back above $80,000 as renewed demand for spot Bitcoin ETFs, a wave of short liquidations, and improving regulatory sentiment
A strange thing has happened to Bitcoin’s derivatives market over the past five years. The market is larger, institutions play a much bigger role, exchanges offer more sophisticated products, and traders have become far better at moving risk around. At the same time, one of the products that helped build that market has almost disappeared
Bitcoin’s share of supply last moved at least one year ago reached 63.3% on Sept. 18, up 0.98 percentage points from 62.32% on Aug. 18, according to Maketo’s HODL-wave data. HODL waves group Bitcoin’s unspent transaction outputs into age bands based on their last on-chain movement. The rising one-year share therefore shows that more supply
Galaxy Research’s X account recently reported a long-dormant Bitcoin wallet being awakened after more than 14 years. The Bitcoin wallet, which contained 100 $BTC, first received them on November 2, 2011, months after Bitcoin’s pseudonymous creator Satoshi Nakamoto quietly exited the scene and was never heard from again. Taken from the time the coins were
TOYOSA has officially launched a Bitcoin payment option for Toyota vehicles in Bolivia, marking a significant milestone in automotive payments across Latin America. This initiative is supported by BitGo Bank & Trust, which provides the necessary digital asset wallet infrastructure. As cryptocurrency adoption continues to rise, this move could pave the way for broader acceptance
With Bitcoin’s price once again climbing above critical technical levels, analyst PlanB offered a noteworthy assessment. PlanB stated that Bitcoin closed above the 50-week moving average, which is around $79,000, and that the next technical target is the 100-week moving average at approximately $89,000. PlanB noted that Bitcoin was trading around $81,000, stating, “Bitcoin closed
In a recent statement, Bybit CEO Ben Zhou emphasized that Bitcoin is still a considerable distance from being considered mature ‘digital gold’. He noted that its current volatility makes it difficult for traditional financial institutions to view it as a reliable store of value. Zhou’s comments, reported by crypto commentator @WuBlockchain, indicate the challenges Bitcoin